HARLINGEN — Tire Recycling & Processing LLC (TRP) has purchased a 42,777-square-foot facility in the Harlingen Industrial Park and plans to reposition it into a tire processing plant. The company plans on creating 30 new jobs with the conversion while processing used tires into granules, carbon black and bio fuels. TRP was formed by Ecologist Services & Dispositions, Inc. of Brownsville to address the approximately 3 billion used tires in the southern border of the U.S.
WOODWAY — Haggard & Stocking Associates, Inc. (H&S) has opened an approximately 20,000-square-foot warehouse facility in Woodway, which cost approximately $1 million to construct. H&S serves the industrial marketplace, including the airline, rail, aerospace and automotive industries. H&S previously had a facility that was approximately 5,000 square feet located at 7201 Santos Cir.
GILROY, CALIF. — Strategic Storage Trust, Inc. (SSTI) has purchased a 610-unit self-storage facility in the San Francisco Bay Area for about $6.56 million. SSTI’s four-property Bay Area portfolio now contains about 2,600 units. The new facility will operate under the SmartStop Self Storage name. It contains about 94,000 rentable square feet that is situated on approximately 4.5 acres at 8900 Murray Ave. HFF’s senior managing director, Aaron Swerdlin, represented the seller in this transaction.
TEMPE, ARIZ. — Agua Del Sol, a manufacturer and distributor of thermal solar-powered products and equipment, has signed a three-year lease for 23,124 square feet at 602 W. 22nd Street in Tempe. After acquiring the assets, distribution network and product lines that were previously held by Integrated Solar, Agua Del Sol plans to combine and relocate their Deer Valley and Stafford locations to the Tempe facility. DPR Realty’s Lisa Hoffman represented Agua Del Sol. Marc Tuite and Kris Martin of Cassidy Turley BRE Commercial’s Industrial Services Group represented the landlord, Spectrum Investments 602, LLC.
BEAUMONT, CALIF. — CT Realty Investors has acquired the Dowling Orchard Business Park in Beaumont. Dowling includes two new industrial warehouse buildings totaling 572,143 square feet. In addition to the business park, CT also acquired 30 acres of land entitled for a 611,000-square-foot building, which should begin construction in 2012. The industrial park and land were acquired from Oakmont Dowling Orchard, LLC for an undisclosed sum. The all-cash sale was facilitated by Bill Heim and Eloy Covarrubias of Lee & Associates Ontario.
NASHVILLE, TENN. — A joint venture between Mississippi-based StateStreet Group and Tennessee-based Mathews Co. has acquired the 41,000-square-foot Buchanan Station, located at 1650 Elm Hill Pike in Nashville, from First Industrial Realty Trust for $2.32 million. The multi-tenant flex property is currently 94 percent leased. David McGahren of Cassidy Turley's Brentwood, Tenn., office represented the seller.
CHARLOTTE, N.C. — Rooms to Go has signed a 180,000-square-foot lease at Chemway Industrial Park, located at 1531 Tarheel Rd. in Charlotte. The company will relocate to the new space from its previous 160,000-square-foot facility in Ft. Mill, S.C. Warren Snowdon of Cushman & Wakefield — Thalhimer's Charlotte office represented the tenant in the lease transaction.
LAVERGNE, TENN. — Charlotte, N.C.-based TPT has sold an 8,990-square-foot, single-tenant industrial building, located at 140 Charter Pl. in LaVergne, to Charter Place Partners for $1.2 million. J.P. Lowe of Nashville, Tenn.-based Chas. Hawkins Co./CORFAC International and Scott Hensley of Charlotte-based Piedmont Properties/CORFAC International represented the seller in the transaction.
TWINSBURG, OHIO — Grubb & Ellis has negotiated the $2.1 million sale of a 98,000-square-foot warehouse facility, located at 2200 E. Highland Rd. in Twinsburg. Terry Coyne of the Grubb & Ellis' Cleveland office represented the seller, 2200 Highland, LLC, and Jeff Kennedy, also of the firm's Cleveland office, represented Refined & Reclined dba Crossroads Furniture & Cleveland Syrup, the buyer, in the transaction.
CARSON, CALIF. — AZ West, the Western arm of third-party logistics firm AZ Container Freight Station, has leased a 300,000-square-foot industrial property within the master-planned Watson Corporate Center in Carson. The six-year lease is valued at about $12.5 million. The transaction is among the South Bay’s largest single-building industrial leases in 2011 in terms of square footage, according to Watson Land Company. CBRE’s Bret Quinlan, Bill Waxman and Mike Rizzo represented AZ West in the transaction. Watson Land Company, owner of Watson Corporate Center, was represented in-house by Lance Ryan and Mike Bodlovich.
